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Tony Elumelu Foundation Entrepreneurship Programme for African Entrepreneurs – $100 million

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Tony Elumelu Foundation Entrepreneurship Programme Details:

The Tony Elumelu Foundation Entrepreneurship Programme is the flagship entrepreneurship programme of the Tony Elumelu Foundation, founded by the entrepreneur, respected investor and philanthropist Tony O. Elumelu.
The pan-African programme is inspired by the Founder’s:

  • Inclusive economic philosophy of Africapitalism, based on the belief that a vibrant African-led private sector is the key to unlocking Africa’s economic and social potential,
  • Commitment to drive African economic growth through the fostering of African entrepreneurship,
  • Mission to institutionalise luck and create an environment where home-grown pan-African companies in various sectors can flourish.

VISION

Our vision is to establish the pre-eminent pan-African entrepreneurship programme and create 10,000 startups across Africa within the next 10 years that generate significant employment and wealth.

PURPOSE

Identify 10,000 African startups and African entrepreneurs with ideas that have the potential to succeed

Grow the businesses through business skills training, mentoring, access to seed capital funding, information and membership in our Africa-wide alumni network

Create businesses that can generate at least 1,000,000 new jobs and contribute at least $10 billion in revenues across Africa over 10 years.

The Tony Elumelu Foundation Entrepreneurship Programme is a tool for implementing this vision. The programme is open to young compelling businesses with strong market feasibility, clear financial models and run by capable teams.

Application Period:

Interested entrepreneurs will be able to submit their applications to join the programme as from 1st January 2017 until Midnight WAT on March 1, 2017.

Offered annually?

YesFor a period of 10 years

Opportunity is open to:

All citizens (18 and above) and legal residents of all African countries with businesses that operate in Africa.

How to Apply: 

All applications must be submitted online through the TEEP Portal. Answer a series of mandatory questions and upload additional documents and identification materials. You will receive a confirmation email within 1 working day of submission.

More details about the program, including eligibility and the application and selection processes are available on the Tony Elumelu Foundation website at: www.tonyelumelufoundation.org/TEEP.

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